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News by theedgemalaysia.com

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Star Media's dispute with JAKS Resources goes back to High Court six years after it started

08 March, 2024

The legal dispute between Star Media Group Bhd and JAKS Resources Bhd on the development of a parcel of land in Section 13, Petaling Jaya, has been reverted back to the High Court for trial.

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Khoo Kay Peng to cede control of Pan Malaysia Holdings to Exsim Group's Lim brothers in RM36.7m deal

08 March, 2024

Property developer Exsim Group's founders, the Lim brothers, are acquiring a 65.9% stake in Pan Malaysia Holdings Bhd (PM Holdings) from three companies linked to prominent businessman Tan Sri Khoo Kay Peng for RM36.73 million or six sen a share.

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Bank Negara keeps overnight policy rate unchanged at 3%

07 March, 2024

Malaysia’s central bank on Thursday kept the benchmark interest rates unchanged, as widely expected, citing improving economic growth and moderating inflation.

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First phase of IJM Land’s Sutera landed homes in Seremban 2 Heights Aman 70% taken up

07 March, 2024

The first phase of IJM Land Bhd’s two-storey terraced development, named Sutera, in Seremban 2 (S2) Heights Aman has been 70% taken up since its launch on Feb 25, according to a press release on Thursday.

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Prasarana to expand cashless payment options for Rapid KL buses and rail services, says Loke

07 March, 2024

Rapid bus and rail service users in Klang Valley will soon have the option to pay fares using methods other than Touch 'n Go (TNG), as the government aims to expand cashless payment options.

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Lim Seong Hai Capital proposes RM168 mil share sale for listing transfer

07 March, 2024

Construction company Lim Seong Hai Capital Bhd (LSH) said on Wednesday it is proposing a public offering which could potentially raise RM168.08 million as part of its listing transfer to the ACE Market from the LEAP Market.

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Ekovest MD Lim Keng Cheng redesignated as non-executive director

07 March, 2024

Ekovest Bhd managing director Tan Sri Lim Keng Cheng has been redesignated as non-executive director with immediate effect, while his alternate director Lim Ding Shyong also stepped down, citing “other commitment” as reason.

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Bank Pembangunan to provide RM253.5 mil financing for data centre in Cyberjaya

07 March, 2024

Bank Pembangunan Malaysia Bhd said on Wednesday it is providing financing totalling RM253.5 million for construction of a data centre in Cyberjaya, Selangor.

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Loss-making Thriven Global to raise RM22 mil via land sale

07 March, 2024

Loss-making property developer Thriven Global Bhd is selling four plots of freehold land collectively measuring 50,454 sq m or 12.47 acres in Kulim, Kedah, to raise some RM22 million.

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Shopping complex occupancy rises slightly y-o-y in 2023, office space remains flat

06 March, 2024

The occupancy rates of shopping complex retail space in Malaysia improved by two percentage points year-on-year (y-o-y) in 2023, while the occupancy rate of purpose-built office space remained unchanged, according to the National Property Information Centre (Napic).

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